The Federal Board of Revenue (FBR) has announced strict measures against individuals who under-file their taxes, urging compliance as the October 14 deadline for tax returns approaches.
FBR Chairman Rashid Mehmood Langrial emphasized that those engaging in significant financial transactions, such as purchasing property or vehicles, will face restrictions if they are identified as under-filers.
Langrial stated that after the deadline, the government plans to eliminate the category of non-filers entirely, making it difficult for them to engage in major transactions.
He noted that while ordinary citizens could still buy used vehicles and plots, anyone involved in substantial purchases exceeding Rs10 million would be barred from doing so.
The FBR is also considering additional restrictions, including potential bans on air travel for non-compliant taxpayers.
Highlighting the issue of under-filing, Langrial revealed that the FBR is working to enhance its audit capabilities to address tax evasion, which he described as a significant problem within Pakistan’s tax system.
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He pointed out discrepancies in tax payments among companies in the same sectors and stressed the importance of accurate reporting.
The FBR has identified around three million individuals who are liable to pay taxes, while also noting the broader challenges of tax compliance in the country.
